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Business News

Location American Business News for 7 May 2022
3 Stablecoins Command Positions in the Crypto Economy's Top 10, Another Fiat-Pegged Token Is Close to Joining The last five weeks has been brutal for digital currencies as more than 21% has been shaved off the crypto economy’s fiat value since March 27. While all the crypto assets combined shed roughly 0.8% in the last 24 hour...
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Elon Musk is telling potential investors in his deal for Twitter Inc. that he will seek to triple the company's ad revenue and create a $10 billion-a-year subscription business within six years, according to a Friday rep...
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You can start a successful business with little to no capital. That's human trafficking survivor Nakia Vestal's story. Watch this video to see how she did it.
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Digital disruption comes for the paper-loving freight-forwarders
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Companies Are Stuck Between Their Workers and Politicians

The New York Times - 7 May 2022 16:00
Companies Are Stuck Between Their Workers and Politicians When Florida revoked Disney's tax privileges, business leaders were shocked. Now, a Supreme Court leak has made some of them terrified of speaking out. More than a decade after the rise of the employee activist movement,...
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When it comes to cocktails tied to the Kentucky Derby, the mint julep might finally have some competition
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Lower-income residents, especially young parents, "really need this now more than ever,"Mayor Brandon Scott told Insider.
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Wall Street is divided on the prospect of a recession. Here's what 4 firms see unfolding for the US economy, from an imminent meltdown to a manageable high-inflation situation. Some firms say inflation will cool over the course of the year. Others say it will continue to surge, and the Fed will have to induce a recession.
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US Court Fines Bitmex's Founders $30 Million for Operating Illegal Crypto Platform The founders of Bitmex have been ordered to pay $30 million “for illegally operating a cryptocurrency derivatives trading platform and anti-money laundering violations.” Arthur Hayes, Benjamin Delo, and Samuel Reed m...
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10 Expert Tips for Stepping Up Your Social Media and Content Marketing Game There's no wrong way to form a digital marketing strategy. Here are 10 tips for making the most of these strategies.
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Saudi Arabia's sovereign-wealth fund committed $2 billion to Jared Kushner's Affinity Partners, agreeing to allow investment in Israeli firms for the first time.
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Soaring Demand for Palm Oil Puts Rainforests at Risk Again

Wall Street Journal - 7 May 2022 16:03
So far, high prices haven't dented years of progress against deforestation.
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Turkey's Inflation Rate Surges to 70%, Monthly Rate of Change Now 7.25% The latest data from the Turkish Statistical Institute (TSI) shows that rising transportation and food costs were some of the key factors contributing to the surge in the country’s inflation rate to 70%. Economic Reviv...
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Another Look: Marcum-Friedman Accountant Merger Would Quicken U.S. Firm's Expansion In Asia Combined firm will have approximately $1 billion in revenue
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Boehly-Led Group Said to Have Reached Deal to Buy Chelsea F.C. The deal, which still requires U.K. government approval, attracted a who's who of American bidders seeking to acquire the marquee sports brand from Russian oligarch Roman Abramovich.
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Meta's first store takes on a basic problem with selling new tech Tech companies have a lousy record with brick-and-mortar retail. But one way or another, Meta’s future rides on consumers’ ability to try its products. Sooner or later, every tech giant decides to get into the retail...
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Figuring out how much you can safely spend each year
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The Recession No One Will Discuss; As Equity Investors Rush To Exit The incoming data tell us that a recession is unfolding. Once that recession is recognized by the business community, the Fed will be forced to stop its tightening.
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Cerebral Receives Subpoena From Federal Prosecutors

Wall Street Journal - 8 May 2022 00:46
Cerebral Receives Subpoena From Federal Prosecutors Cerebral, one of a number of telehealth startups that have sprung up to treat ADHD, said it is being investigated by the U.S. attorney's office for the Eastern District of New York regarding prescriptions of controlled s...
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All women, children, and elderly civilians were evacuated from Mariupol's Azovstal steel plant, Ukraine Deputy Prime Minister says "This part of the Mariupol humanitarian operation has been completed,"Ukraine Deputy Prime Minister Iryna Vereshchuk said, according to CNN.
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The rise of voice tech to mainstream prominence provides lessons for brands when considering the augmented worlds of the future.
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"All sorts of assets are on the table, for sure ... real estate is particularly pertinent," the Justice Department's Andrew Adams told CNN.
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